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SUMMER 2011 Year 2011 SUMMER SMSSMS STRATEGIC MANAGEMENT NEWSLETTER SOCIETY CONGRATULATIONS TO THE 2010 CONFERENCE AWARD WINNERS SUMMER 2011 year. PhD candidates are invited to submit a full paper version of TABLE OF CONTENTS their submitted proposal for consideration by the review committee. These are studied before the conference and 10 finalists are named prior to the conference. This year there were 178 proposals eligible One of the winners of the SMSThoughts Phd Best Paper Prize, from Marko the Coh with SMS President 1 Joan E. Ricart and Tomi Laamanen. for this award, with a total of 60 full papers uploaded for review by the selection committee. This year’s selection committee was Organizing for Adaptation:SMS Innovative News Capabilities, Combinative 2 co-chaired by Tomi Laamanen and Pamela Barr. Potential, Coordination Costs,Emerging and Boundary Scholar Choices 3 Winners Konstantinos Grigoriou, Georgia Institute of Technology Frank T. Rothaermel, Georgia Institute of Technology GLOBALIn Harsh –and Slack Times: How Does Firm Performance Affect Strategy Research Foundation 6 the Intensity and the Direction of External Technology Sourcing Technology Acquisition and Knowledge Integration Thomas Klueter, University of Pennsylvania Seungho Choi, Michigan State University STRATEGY Journal Updates 7 Felipe Monteiro, University of Pennsylvania Gerry McNamara, Michigan State University SMS Fellows 9 On the Role of Causal Knowledge In Organizational Learning Uncovering the Process of Executive Mobility Natalia Vuori, Aalto University Marko Coh, London BusinessRio School Conference Wrap-Up 11 Did you miss the Rio Conference? Find out all the SMS CALL FOR NOMINATIONS exciting program highlights. EMERGING CK Prahalad Conference Wrap-Up 12 The SMS is inviting nominations for the 2011 SMS Emerging Nomination of a candidateReflecting requires: on and moving forward with the work Scholar Award which is generously funded by the Strategy • a letter of nomination ofby CKanother Prahalad. member of the SMS, who SCHOLAR Research Foundation. This significant annual prize is awarded must not be a member of the same organization/institution as AWARD to a young, emerging scholar for exemplary scholarship, as the nominee; Miami Conference 13 demonstrated in research, education, professional service, • two additional letters of recommendation for the nominee; SMS 32nd ANNUAL The SMS 2011 Annual International Conference INTERNATIONAL CONFERENCE and all related activities that seek to improve current strategic • a full current vitae from the nominated individual, including is only three months away; learn about all that management knowledge and application. any current working papers. GLOBAL Miami has to offer. PRAGUE A successful candidate will possess the potential to make fundamental Nominations for the 2011 award should be send to the SMS OctoberSTRATEGY 7–9, 2012 contributions to the way the field thinks about knowledge essential Executive Office and will be accepted until April 30, 2011. The selection will be made and Singaporeannounced in early Conference July 2011. 17 to any organization’s achievement of durable success. Especially The first of two special conferences in 2012, Singapore important will be knowledge contributions that complement and The recipient of the SMSpromises Emerging to Scholar be a stimulating Award will: and inspiring event. extend existing strategic management theory, including those based • have the opportunity to present his/her research in a prominent SMS SPECIAL CONFERENCE on ideasLinking from other disciplines Thoughtful and other fields of inquiry Practice that intersect setting at the SMS Annual International Conference; PREVIOUS RECIPIENTS Prague Conference 18 with strategic management theory and practice. • receive a prize of US$ 5,000; June 7–9, 2012 Mark your calendars, the SMS 32nd Annual International with Insightful Scholarship• be appropriately recognized in the SMS journals. 2010 Yan Anthea Zhang To be considered, a candidate: Conference will be in Prague in 2012! • should be under the age of 40, with at least five years of post- The selection committee is comprised of two members of the 2009 Michael Lenox terminal degree award experience; SMS Executive Committee, two additional members of the SMS Board of Directors, and oneChina additional Conference expert chosen from the 19 2008 Riitta Katila • have a record of publication and professional activity that SMS membership at large. JustFor more announced, information the about second this specialaward, conference in 2012 scholars | business practitioners | consultants research networking scholars | business practitioners demonstrates work of significance and impact; 2007 Jeffrey Reuer will take place in Guangzhou, China in December! • be a member of the Strategic Management Society in good please visit www.strategicmanagement.net and click on awards and honors. GLOBALstanding. SMS Board and IG Leadership 20 STRATEGY JOURNAL WINTER 2011 | 5 singapore THOUGHTS FROM THE SMS PRESIDENT Many of us can remember our first Strategic Management Society The Board considers this diversity a good thing. We do not pretend meeting. For me, it was Toronto, in 1991. I still remember the energy to know every kind of special conference SMS should sponsor. I felt—a meeting that combined the best of strategic management Indeed, we look forward to working with our membership to research with a taste for thoughtful practice. More than just a challenge our thinking about what a special conference can be. place to meet good friends, the annual meeting was a place I was exposed to both fully formed thinking and cutting-edge ideas that That said, the Board does believe our special conference program might influence the field for years to come. Not surprisingly, this has should have some features. We are working toward holding the proven to be a potent mix and the annual meeting has continued to annual conference and special conference(s) on different continents President grow—in Rome (2010) we attracted more than 1,000 participants, each year. For example, if our annual conference is in North America, Jay Barney and nearly as many are expected in Miami. we would prefer to offer a special conference in Europe or Asia. Ohio State University Our experience also tells us that the best time to organize special Some members are concerned that the growth of the annual conferences is March, April, June, or early December. The size of conference might reduce the quality of the meeting. Practically these conferences can vary, but we have found that conferences speaking, as we get larger, it becomes more difficult to find venues with less than 150 people struggle to break even financially unless that meet our multiple criteria—an intriguing city, a hotel that can they receive outside sponsorship. Most importantly, those looking serve the housing needs of the entire conference, meal venues large to organize such conferences need to put together a clear plan enough for us all to gather together, and so forth. Substantively, with a strong organizing team that has received commitments from if the annual conference grows too large, do we run the risk of supporting institutions—including universities, consulting firms, or splintering into divisions—each subgroup talking only among other interested groups—to insure that the proposed conferences themselves and not with others? are consistent with the SMS’s objectives and are likely to address our members’ needs. With this in mind, the Board of the Strategic Management Society recently agreed that we should try to limit the size of the annual Over the next several months, a special Board of Directors’ task meeting to about 1,000 participants. Obviously, this is a guideline, force will be drafting guidelines for developing special conference not a hard and fast rule. And to the extent that we need to manage proposals. Our goal is to have these available online before the end the number of people attending the meeting, this will be done by of 2011. These guidelines will also describe the process by which adjusting paper acceptance rates. However, in previous years, one special conference proposals will be evaluated. measure of our success as a society was growth in attendance at our annual meeting; this will no longer be the case. The Board is very excited about the promise of our special conference initiative and looks forward to working with our This decision, of course, creates a challenge: how can the SMS members to help execute this strategy. provide venues for increasing numbers of members interested in being part of the SMS conversation if we don’t continue to grow the annual meeting? One answer is special conferences. Special conferences used to be a somewhat ad hoc activity of the Society, but now they are becoming a central feature of the SMS’s strategy. Jay Barney Special conferences can vary along many dimensions. Some—for example, Finland in 2010—were sponsored by Interest Groups. Others—such as Shanghai in 2007, India in 2008, and Rio in 2011—responded to the growing international interests of strategic management scholars and practitioners. Still others—San Diego in 2011, for example—have honored the work of individual scholars. SMS NEWSLETTER | 1 THOUGHTS FROM THE SMS PRESIDENT sms neWS SMS AnnuAL report 2010 sms ELECTIONS Our inaugural SMS Annual Report 2010 was mailed to all SMS ELECTIONS TO BE HELD IN NOVEMBER SMS members earlier this year. We are pleased with the SMS NEWS positive response we’ve received regarding this report and Due to the recent revision of the SMS bylaws, Board and IG elections will now be held following the annual meeting THE NEW STAKEHOLDERencourage STRATEGY INTEREST GROUP you to contact our office if you are interested in • Under what conditions might stakeholder-oriented firms • How do individuals and teams learn how to integrate outcompete traditional, shareholder-oriented ones? principles of responsibility and of social, environmental, • What are the strategic alternatives to coordinate the and economic sustainability in their firms’ operating and expectations and perceptions of a plurality of stakeholders strategic processes? in the fourth quarter of each year.
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